The National Council on Compensation Insurance (NCCI) recently proposed an overall average change in voluntary loss cost level of -0.6 percent in Connecticut. Key components for the proposed change include -0.4 percent for experience and trend, -0.2 percent for benefits, and no change for loss-based expenses.
In its filing on Sept. 26, NCCI also requested an overall average change in assigned risk rate level of -0.5 percent. Key components include -0.6 percent for the overall voluntary loss cost level change and +0.1 percent change in the assigned risk multiplier.
NCCI’s filing is proposed to be effective Jan. 1, 2015 and is currently under review by the Connecticut Insurance Department.
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